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Oil News

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UAE To Quit Oil Production Groups OPEC, OPEC+; major move amid Hormuz blockade

The UAE's energy minister said that the decision was taken after a careful review of the energy sector, petroleum sector and other strategies. ...
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‘Meet Our Terms or No Deal’: Iran Won’t Kneel Before Donald Trump on Hormuz Issue

Iran has clearly said that it is ready to open the Strait of Hormuz, but not without anything. America will first have to accept its three demands, only then will anything move forward....
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'Three Days Left or Pipelines Will Burst': Donald Trump’s Fresh Warning to Iran as Araghchi Visits Pakistan

Trump said that if no concrete agreement is reached during this period, Iran's oil pipelines could suffer such deep damage that it would be extremely difficult to repair. ...
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US treasury secretary says won’t renew Iranian and Russian oil waivers

While explaining the reason, US Treasury Secretary Scott Bessent said that the waiver was only given on request of the "vulnerable and poor countries"....
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US imposes sanctions on China-based oil refinery, 40 shippers over Iranian oil trade

The Trump's administration on Friday announced new sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil....

30 Nations Set to Meet in London to Plan Reopening of Strait of Hormuz

A meeting of more than 30 countries is going to be held in London to reopen this important sea route. The United Kingdom is leading this initiative. ...

Iran Uses Hormuz Strait as Strategic Edge to Resist US Demands

The United States and its allies have long said that it is important to prevent Iran from acquiring nuclear weapons. ...

'Hormuz Is Ours': Iran Claims Full Control, Challenges US After Firing on Ships

Iran has announced that due to the American blockade and breakdown of trust, the movement of ships through the Sea of ​​Hormuz and Oman is being b...
US Extends Sanctions Waiver For One-Month Allowing India, Others To Buy Russian Oil

US Extends Sanctions Waiver For One-Month Allowing India, Others To Buy Russian Oil

US President Donald Trump's administration has further extended the temporary waiver on the purchase of Russian oil....
US Will Not Extend Russian, Iranian Oil Sanctions Waiver; India Among Affected Buyers

US Will Not Extend Russian, Iranian Oil Sanctions Waiver; India Among Affected Buyers

India was a significant beneficiary of these sanctions waivers. According to reports, citing government officials, India ordered 30 million barrels of...
US Hormuz blockade: Will India's crude oil and LPG supply be hit?

US Hormuz blockade: Will India's crude oil and LPG supply be hit?

India imports crude oil and gas from other countries. Of that, LPG is primarily imported from Gulf countries. Since the war began, India has been able...
'Enjoy It Now': Iran Warns of Oil Price Shock Amid Trump Blockade Threat

'Enjoy It Now': Iran Warns of Oil Price Shock Amid Trump Blockade Threat

Iranian Parliament Speaker Mohammad Bagher Ghalibaf on Monday said that the consumers would soon feel the impact, stating, “Enjoy the current pump f...
Iran Demands $1 Per Barrel Crypto Toll On Tankers Crossing Strait Of Hormuz: Reports

Iran Demands $1 Per Barrel Crypto Toll On Tankers Crossing Strait Of Hormuz: Reports

According to media reports, Iran will now demand toll from shipping companies for oil tankers passing through the Strait of Hormuz, as it wants to mai...

Iran, Oman Allowed to Levy Hormuz Transit Fee Under 2-Week Ceasefire Deal

The Strait of Hormuz is a very narrow sea route connecting the Persian Gulf to the Indian Ocean, whose width is about 34 kilometers....

Iran Sets Condition for Opening Strait of Hormuz Amid US Pressure,India Likely to Feel the Impact

Iran has clearly said that it is not going to open the Strait of Hormuz under American pressure. Despite strong warnings from US President Donald Trum...

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